2006 Session

Budget Amendments - HB29 (Committee Approved)

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Rainy Day Fund

Item 280 #1h

Item 280 #1h

First Year - FY2005 Second Year - FY2006
Accounts Transfer Payments, Department of FY2005 $0 FY2006 ($402,224,018) GF

Page 64, line 14, strike "$584,160,131" and insert "$181,936,113".
Page 64, strike line 33 through line 42.
Page 64, line 43, strike "4." and insert "3."

(This amendment eliminates the proposed pre-payment of the fiscal year 2007 mandatory deposit to the Revenue Stabilization Fund. The amounts proposed in House Bill 29 as introduced are in excess of the amounts certified by the Auditor of Public Accounts and result in the Fund exceeding the cap, thereby requiring a year-end transfer out of the Fund. A companion amendment to House Bill 30 sets out the fiscal year 2007 Revenue Stabilization Fund deposit as certified by the Auditor of Public Accounts.)